Senior Financial Products Claims Specialist

Dempsey & Siders Agency•East Brunswick, NJ

1d•Onsite

About The Position

Great American Insurance Group's member companies are subsidiaries of American Financial Group. We combine a "small company" culture where your ideas will be heard with "big company" expertise to help you succeed. With over 30 specialty and property and casualty operations, there are always opportunities here to learn and grow. At Great American, we value and recognize the benefits derived when people with different backgrounds and experiences work together to achieve business results. Our goal is to create a workplace where all employees feel included, empowered, and enabled to perform at their best.

Requirements

Bachelor’s Degree in Business Administration, Risk Management and Insurance, Finance, or a related field or equivalent experience.
Generally, a minimum of 13 years of experience in property and casualty claims handling.
Works at the highest authority limits on assignments of the highest technical complexity and coordination.
Excellent analytical, negotiation, and problem-solving skills.
Demonstrates expert knowledge of insurance policies, coverage, and claims handling procedures.
Maintains and leverages knowledge of industry laws and regulations.
Advanced ability to organize and prioritize caseloads, ensuring timely resolution of claims.
Excellent interpersonal and communication skills with the ability to build relationships and lead negotiations.
Proven ability to handle confidential information with discretion.
Recognized as a subject matter expert within the company, potentially operating at a peer level to management.

Nice To Haves

Completion of or continuing progress toward a professional designation preferred, such as Associate in Claims (AIC).
May possess LLM (Master's of Law) or JD (Juris Doctorate) and current attorney license with 3 to 5 years of post-bar experience.

Responsibilities

Manages a large inventory of highly complex Financial Products (Surety, Fidelity, Crime, Credit, Political, Directors & Officers, etc.) claims to evaluate compensability/liability.
Strategically orchestrates and leads comprehensive claims investigations to confirm coverage and to determine liability, compensability and damages.
Analyzes and negotiates appropriate claim settlements/reserves within prescribed authority.
May attend arbitrations, mediations, depositions, or trials.
Conveys highly complex information regarding coverage and settlements to insureds, claimants, and external partners.
Authorizes payments in accordance with assigned authority limit, ensuring timely disbursement.
Maintains accurate and detailed claim files, including all correspondence, reports, and settlement agreements.
May have responsibility for performance and coaching of staff and may have a participatory role in decisions regarding talent selection, development, and performance management for direct reports.
Performs other duties as assigned.